331 N Gunnison Ave #9Lake CityCO81235
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder331 N Gunnison Ave #9, Lake City, CO, 81235 in Lake City earns a respectable 7.15% gross yield at $210,000, but after the $944/mo mortgage the net cash flow is $27/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.32) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $58,019 over five years, making equity the dominant return driver. Total projected return: $80,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.0% |
| Monthly Cash Flow | $27 | $1,000 |
City averages based on Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,250 |
| Total Monthly Debt Service | $1,140 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81235, Lake City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 259 (26.1%) |
| Renter Occupied HU | 91 ( 9.2%) |
| Vacant Housing Units | 644 (64.8%) |
| Median Home Value | $494,262 |
| Average Home Value | $627,529 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
88
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81235, Lake City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 259 (26.1%) |
| Renter Occupied HU | 91 ( 9.2%) |
| Vacant Housing Units | 644 (64.8%) |
| Median Home Value | $494,262 |
| Average Home Value | $627,529 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
88
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Murphy • Murphy Real Estate
Mls Name: CREN
Mls Provider:
Mls ID: #818271
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.